IndiGo has announced the resignation of its Head of Global Sales, Vinay Malhotra, who will step down to pursue opportunities outside the company. According to a regulatory filing, Malhotra will be relieved of his duties effective close of business on July 3. The departure adds to a series of leadership changes at India’s largest airline, which has witnessed notable shifts in its top management in recent times.

Bharat Heavy Electricals Limited (BHEL) reported a sharp rise in consolidated net profit for the quarter ended March 31, more than doubling year-on-year to Rs 1,290.47 crore. The state-owned engineering giant had posted a profit of Rs 504.45 crore in the corresponding period last year. The improved performance was primarily driven by stronger revenue growth and better operational execution across its project portfolio.

Godrej Properties Limited reported a sharp 70% year-on-year rise in consolidated net profit for the quarter ended March, supported by strong revenue growth and robust real estate demand. Net profit increased to Rs 649.88 crore compared with Rs 381.99 crore in the same period last year. Total income rose significantly to Rs 3,806.65 crore from Rs 2,681.06 crore in the corresponding quarter of the previous fiscal.

Hero MotoCorp has announced a key leadership change with the appointment of Sachin Agrawal as its new Chief Technology Officer, effective May 21, 2026. The move is part of the company’s broader strategic realignment to strengthen its technological capabilities in an increasingly competitive mobility landscape. Agrawal will succeed Vikram Kasbekar, who is stepping down from the CTO role but will continue to serve on the company’s board as Executive Director.

Ather Energy reported a significant improvement in financial performance for the January–March quarter, with net losses narrowing 57% year-on-year to Rs 100.23 crore. The Bengaluru-based electric two-wheeler maker had posted a loss of Rs 234.36 crore in the same period last year. Revenue from operations surged 74% to Rs 1,174.66 crore, compared with Rs 676.8 crore in the corresponding quarter of FY25.

Ashok Leyland reported a 9% year-on-year increase in total sales for April 2026, reaching 14,646 units compared to 13,421 units in the same month last year. The performance was primarily supported by strong domestic demand, with local sales rising 14% to 14,242 units versus 12,509 units in April 2025. The figures indicate a steady recovery in India’s commercial vehicle sector, driven by improving freight movement, infrastructure activity, and replacement demand.

Bajaj Auto reported a robust 40% year-on-year increase in total sales for April, reaching 5,13,792 units compared to 3,65,810 units in the same period last year. The performance was driven by exceptional export growth, which surged 83% to 2,65,582 units, alongside steady domestic demand of 2,48,210 units. The strong operational momentum highlights the company’s expanding global footprint and resilient domestic positioning.

Indian equity markets opened on a strong footing on Monday, with benchmark indices the BSE Sensex and Nifty 50 registering sharp gains amid easing crude oil prices and improved global risk sentiment. Positive cues from Asian markets further supported investor appetite. The Sensex climbed 657.80 points to 77,571.30, while the Nifty advanced 213.35 points to 24,215.10 in early trade. Auto major Maruti Suzuki led the rally after reporting robust April sales growth, reinforcing optimism in the automobile sector and strengthening broader market momentum at the start of the trading week.

Air India is set for a crucial board meeting on May 7 in Mumbai as it grapples with mounting financial and operational challenges. The airline, owned by Tata Group, is projected to have incurred losses exceeding Rs. 22,000 crore in FY26, exacerbated by geopolitical tensions in West Asia. The board, chaired by N Chandrasekaran, is expected to deliberate on cost-cutting measures, financial performance, and succession planning for CEO Campbell Wilson, who is set to step down later this year.

Nestlé India has adopted a cautious outlook for the new fiscal year, citing volatility in input costs driven by geopolitical tensions and uncertain monsoon conditions. Chairman and Managing Director Manish Tiwary emphasized that unpredictable global dynamics make short-term forecasting challenging. Despite these headwinds, the company remains committed to a volume-led growth strategy, focusing on expanding consumption and market penetration.